LXB Retail Properties has been given the green light for a £50m redevelopment of four gas holders in Sutton, south London, into flats and a supermarket (pictured above).
The Greater London Authority and National Planning Casework Unit have waved through Sutton council’s approval of the scheme which includes 186 homes, nine shops and a 131,500 sq ft Sainsbury’s.
The proposal will involve demolishing all the existing LXB-owned buildings on the six-acre site including Zurich House, Dex House, Sovereign House, Centrelink House and Magnet.
It will also involve removing the gas holders which have long been a blot on the north end of the town centre.
Sutton chair of the housing, economy and business committee Jayne McCoy said: “This redevelopment scheme will lead to the regeneration of the northern part of the town centre and the surrounding area.
“Even during these challenging economic times, Sutton is very much open for business, and we are committed to encouraging positive developments like this one that will help our borough continue to thrive.”
The scheme is one of three key projects being backed by the council’s Opportunity Sutton investment arm.
Last summer CNM Estates was given the green light to extend the existing Sutton Point building next to Sutton Railway Station into a 22-storey tower with two new buildings comprising 300 flats, a 130-bedroom hotel and shops and restaurants.
And last month the high court threw out Centro’s judicial review of SubSea7’s plans to build a new headquarters at the Brighton Road Car Park.
The decision paves the way for the council to sell the 1.4-acre site to Subsea7 to progress its plans (pictured below).
Nick.whitten@estatesgazette.com
